Center for Financial Planning Inc. Buys 111 Shares of Dell Technologies Inc. (NYSE:DELL)

Center for Financial Planning Inc. increased its stake in Dell Technologies Inc. (NYSE:DELL) by 47.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 345 shares of the technology company’s stock after purchasing an additional 111 shares during the quarter. Center for Financial Planning Inc.’s holdings in Dell Technologies were worth $40,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Intrepid Financial Planning Group LLC raised its holdings in Dell Technologies by 0.7% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares during the period. Smithfield Trust Co increased its stake in Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after buying an additional 84 shares in the last quarter. Graypoint LLC raised its holdings in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after acquiring an additional 86 shares during the period. ASB Consultores LLC raised its holdings in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after acquiring an additional 87 shares during the period. Finally, Equitable Trust Co. raised its holdings in Dell Technologies by 3.1% during the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after acquiring an additional 88 shares during the period. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DELL shares. Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Barclays raised their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $145.94.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $114.28 on Friday. The firm has a market capitalization of $80.05 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.91 and a beta of 0.90. The stock has a 50 day moving average price of $113.36 and a 200 day moving average price of $117.10. Dell Technologies Inc. has a 52-week low of $80.49 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 earnings per share. Analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.56%. Dell Technologies’s payout ratio is 31.45%.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the transaction, the chief financial officer now owns 228,419 shares of the company’s stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock valued at $115,564,106 over the last 90 days. Corporate insiders own 46.70% of the company’s stock.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).